Usefull Stuff - KALLO Finance

When we decided to set up our company 25 years ago, we had a list of principles that we all stood by in our work ethics…

They did not change a bit. It was and still is a distinct desire to deliver secure diligent financial help, that would ease paying mortgages off , just as well as the regular loans.

With the help of our financial advisors, thousands of people were able to achieve results such as:

Securing a Lower Interest Rate for an overall Mortgage payment plan
Shortening the Loan’s Term
Converting Between Adjustable-Rate and Fixed-Rate Mortgages

With that in mind, we continue to implement our expertise to help hundreds of companies!

Core values

01.

Fast

We are always flexible enough to cover all of your financial needs, whichever those might be. Regardless of whether you’re about to make a first-time home purchase or are trying to refinance your current loan.

01.

Fast

02.

Flexible

We understand that financial situations, credit scores, and other financially-related things can vary… That is why we employ a flexible, person-centric approach to each individual client who comes for our fiscal help…

02.

Flexible

03.

Beneficial

With so many mortgages and loans featuring interest rates that are just outright bad, we’re here to level the field. Thanks to our refinancing and home equity loan programs you’ll be able to take back the control!

03.

Beneficial

Median yearly interest rate

Number of people we've helped

Median mortgage payment

faq

A: A mortgage is basically a simple loan that allows you to buy a home or other property by securing the loan against the property you buy. You can read more about our taking a mortgage with us works by visiting our services page.

You can apply for a mortgage from a bank or other financial institution, such as a credit union, building society or specialist mortgage Borrower. We’re a credit union and a special financial institution. Although you can apply directly, using the advice of our independent mortgage specialists might help you find the deal that will be most beneficial for your money interests!

A: This depends on a number of factors. Still, Borrowers are typically prepared to lend three times your salary or two-and-a-half times a joint salary.

They will also consider things such as any other source of income from a second job that you’ll prove to them, bonuses, tax credits, and maintenance payments and since lending rules were tightened, they also increasingly investigate borrowers’ ability to repay.

This means looking at your credit history and scoring it, just as well as on your monthly outgoings, examining not just how much you spend but what you spend it on, to help assess your ability to manage should interest rates rise.

Some providers will now offer four-and-a-half times your annual income – but the more you borrow in relation to your income, the more likely you are to fail MMR checks and to have your application to be declined.

A: This will depend on your financial standing, the price of the property and your credit history…

Whilst ‘100% mortgages’ – where you can borrow 100% of the property’s value – have now almost entirely disappeared, it’s still possible to get a 95% mortgage, where you pay a deposit of 5% of the property’s value.

But many Borrowers ask for a 10% deposit or more, and many tend to save the best rates for borrowers with a deposit of 25%.

We review and accept business requests on a 24/7 basis.

Contact us now…

Tips for Home Buyers

We understand all the ups and downs of the home buying process. That means that we will supply you with as many tips on mortgages as possible!